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Side-by-side financial comparison of Allstate (ALL) and Maplebear Inc. (CART). Click either name above to swap in a different company.
Maplebear Inc. is the larger business by last-quarter revenue ($992.0M vs $922.0M, roughly 1.1× Allstate). Allstate runs the higher net margin — 266.6% vs 8.2%, a 258.4% gap on every dollar of revenue. On growth, Maplebear Inc. posted the faster year-over-year revenue change (12.3% vs 7.2%). Over the past eight quarters, Maplebear Inc.'s revenue compounded faster (10.0% CAGR vs -75.8%).
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal ...
Maplebear Inc., doing business as Instacart, is an American retail media and delivery company based in San Francisco that operates a grocery delivery and pick-up service in the United States and Canada accessible via a website and mobile app. It allows customers to order groceries, and alcohol where legal, from participating retailers with the shopping being done by a personal shopper, who picks, packs, and delivers the order.
ALL vs CART — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $922.0M | $992.0M |
| Net Profit | $2.5B | $81.0M |
| Gross Margin | — | 72.3% |
| Operating Margin | -1400.3% | 9.9% |
| Net Margin | 266.6% | 8.2% |
| Revenue YoY | 7.2% | 12.3% |
| Net Profit YoY | — | -45.3% |
| EPS (diluted) | $9.25 | $0.31 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $922.0M | — | ||
| Q4 25 | $17.3B | $992.0M | ||
| Q3 25 | $17.3B | $939.0M | ||
| Q2 25 | $16.6B | $914.0M | ||
| Q1 25 | $16.5B | $897.0M | ||
| Q4 24 | $16.5B | $883.0M | ||
| Q3 24 | $16.6B | $852.0M | ||
| Q2 24 | $15.7B | $823.0M |
| Q1 26 | $2.5B | — | ||
| Q4 25 | $3.8B | $81.0M | ||
| Q3 25 | $3.7B | $144.0M | ||
| Q2 25 | $2.1B | $116.0M | ||
| Q1 25 | $595.0M | $106.0M | ||
| Q4 24 | $1.9B | $148.0M | ||
| Q3 24 | $1.2B | $118.0M | ||
| Q2 24 | $331.0M | $61.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 72.3% | ||
| Q3 25 | — | 73.7% | ||
| Q2 25 | — | 74.2% | ||
| Q1 25 | — | 74.8% | ||
| Q4 24 | — | 75.2% | ||
| Q3 24 | — | 75.2% | ||
| Q2 24 | — | 75.7% |
| Q1 26 | -1400.3% | — | ||
| Q4 25 | — | 9.9% | ||
| Q3 25 | — | 17.7% | ||
| Q2 25 | — | 13.6% | ||
| Q1 25 | — | 12.3% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | 16.2% | ||
| Q2 24 | — | 6.3% |
| Q1 26 | 266.6% | — | ||
| Q4 25 | 22.1% | 8.2% | ||
| Q3 25 | 21.7% | 15.3% | ||
| Q2 25 | 12.7% | 12.7% | ||
| Q1 25 | 3.6% | 11.8% | ||
| Q4 24 | 11.7% | 16.8% | ||
| Q3 24 | 7.2% | 13.8% | ||
| Q2 24 | 2.1% | 7.4% |
| Q1 26 | $9.25 | — | ||
| Q4 25 | $14.24 | $0.31 | ||
| Q3 25 | $13.95 | $0.51 | ||
| Q2 25 | $7.76 | $0.41 | ||
| Q1 25 | $2.11 | $0.37 | ||
| Q4 24 | $7.07 | $0.53 | ||
| Q3 24 | $4.33 | $0.42 | ||
| Q2 24 | $1.13 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $687.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $31.6B | $2.5B |
| Total Assets | $124.0B | $3.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.9B | $687.0M | ||
| Q3 25 | $8.7B | $1.7B | ||
| Q2 25 | $9.6B | $1.6B | ||
| Q1 25 | $6.5B | $1.6B | ||
| Q4 24 | $4.5B | $1.4B | ||
| Q3 24 | $7.0B | $1.3B | ||
| Q2 24 | $5.3B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $7.5B | — | ||
| Q3 25 | $8.1B | — | ||
| Q2 25 | $8.1B | — | ||
| Q1 25 | $8.1B | — | ||
| Q4 24 | $8.1B | — | ||
| Q3 24 | $8.1B | — | ||
| Q2 24 | $8.1B | — |
| Q1 26 | $31.6B | — | ||
| Q4 25 | $30.6B | $2.5B | ||
| Q3 25 | $27.5B | $3.5B | ||
| Q2 25 | $24.0B | $3.3B | ||
| Q1 25 | $22.1B | $3.2B | ||
| Q4 24 | $21.4B | $3.1B | ||
| Q3 24 | $20.9B | $2.9B | ||
| Q2 24 | $18.6B | $3.0B |
| Q1 26 | $124.0B | — | ||
| Q4 25 | $119.8B | $3.7B | ||
| Q3 25 | $120.4B | $4.5B | ||
| Q2 25 | $115.9B | $4.4B | ||
| Q1 25 | $115.2B | $4.3B | ||
| Q4 24 | $111.6B | $4.1B | ||
| Q3 24 | $113.7B | $3.9B | ||
| Q2 24 | $108.4B | $4.0B |
| Q1 26 | — | — | ||
| Q4 25 | 0.24× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 0.37× | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.43× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $183.0M |
| Free Cash FlowOCF − Capex | — | $171.0M |
| FCF MarginFCF / Revenue | — | 17.2% |
| Capex IntensityCapex / Revenue | — | 1.2% |
| Cash ConversionOCF / Net Profit | — | 2.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | $910.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.0B | $183.0M | ||
| Q3 25 | $3.3B | $287.0M | ||
| Q2 25 | $1.9B | $203.0M | ||
| Q1 25 | $2.0B | $298.0M | ||
| Q4 24 | $1.7B | $153.0M | ||
| Q3 24 | $3.2B | $185.0M | ||
| Q2 24 | $2.4B | $244.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.9B | $171.0M | ||
| Q3 25 | $3.2B | $272.0M | ||
| Q2 25 | $1.9B | $187.0M | ||
| Q1 25 | $1.9B | $280.0M | ||
| Q4 24 | $1.7B | $141.0M | ||
| Q3 24 | $3.1B | $171.0M | ||
| Q2 24 | $2.3B | $220.0M |
| Q1 26 | — | — | ||
| Q4 25 | 16.7% | 17.2% | ||
| Q3 25 | 18.8% | 29.0% | ||
| Q2 25 | 11.3% | 20.5% | ||
| Q1 25 | 11.4% | 31.2% | ||
| Q4 24 | 10.0% | 16.0% | ||
| Q3 24 | 18.9% | 20.1% | ||
| Q2 24 | 14.7% | 26.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 1.2% | ||
| Q3 25 | 0.3% | 1.6% | ||
| Q2 25 | 0.0% | 1.8% | ||
| Q1 25 | 0.6% | 2.0% | ||
| Q4 24 | 0.3% | 1.4% | ||
| Q3 24 | 0.4% | 1.6% | ||
| Q2 24 | 0.4% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.78× | 2.26× | ||
| Q3 25 | 0.88× | 1.99× | ||
| Q2 25 | 0.89× | 1.75× | ||
| Q1 25 | 3.30× | 2.81× | ||
| Q4 24 | 0.88× | 1.03× | ||
| Q3 24 | 2.69× | 1.57× | ||
| Q2 24 | 7.13× | 4.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALL
Segment breakdown not available.
CART
| Transaction | $698.0M | 70% |
| Advertising And Other | $294.0M | 30% |
